Purplebricks Group (PURP) Stock Rating Reaffirmed by Citigroup
Purplebricks Group (LON:PURP)‘s stock had its “buy” rating reissued by equities researchers at Citigroup in a report released on Thursday. They presently have a GBX 500 ($6.73) price objective on the stock. Citigroup’s target price suggests a potential upside of 35.59% from the stock’s previous close.
Several other analysts also recently commented on PURP. Peel Hunt reaffirmed a “buy” rating and set a GBX 460 ($6.19) price objective on shares of Purplebricks Group in a research note on Friday, September 15th. Investec reaffirmed a “buy” rating and set a GBX 465 ($6.26) price objective on shares of Purplebricks Group in a research note on Friday, September 15th. Finally, Berenberg Bank started coverage on Purplebricks Group in a research note on Thursday, October 12th. They set a “buy” rating and a GBX 470 ($6.33) price objective for the company. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 397.80 ($5.35).
Shares of Purplebricks Group (LON PURP) opened at GBX 368.75 ($4.96) on Thursday. Purplebricks Group has a one year low of GBX 3.30 ($0.04) and a one year high of GBX 525 ($7.07).
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